Kiska Enters into Option Agreement to Acquire a 100% Interest in Prospective Copper-Gold Project in BC

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 19, 2014) - Kiska Metals Corporation ("Kiska" or the "Company") (TSX VENTURE:KSK) is pleased to announce that it has given notice to Chlormet Technologies, Inc. ("Chlormet") that it wishes to enter into a definitive option agreement (the "Option Agreement") pursuant to which Kiska would be granted the right to earn 100% of the interest of Chlormet in the Chuchi Property (the "Project") located in British Columbia. The terms of the option agreement were announced by Kiska in a press release dated September 8^th, 2014.

"The Chuchi Property was identified by Kiska's technical team during a terrane-wide review of porphyry prospects in BC as a large porphyry system, near a producing mine, with significant historical drill results and geological room to expand, that remarkably did not see any substantial exploration during the last exploration boom," stated Kiska's President, Grant Ewing. "We believe that the project has attributes that will attract a partnership with a major mining company, and that it adds significant value to our portfolio of projects as a leading prospect generator company."

Project Highlights:

The road-accessible Chuchi Property hosts a copper-gold porphyry system in a prospective region of the Quesnel porphyry belt in north-central British Columbia, and is located 32 km to the northwest of the newly-opened Mt. Milligan copper-gold mine. The core of the property overlies a 12 km² alteration zone centered on a cluster of porphyritic monzonite stocks hosted by volcanic and sedimentary rocks. Drilling campaigns from 1989 to 1991 targeted coincident Cu-Au soil geochemical anomalies and Induced Polarization high anomalies within this alteration zone, for a total of 13,030 metres from 79 drillholes. To view Chuchi maps click here. Drilling returned significant intervals of copper and gold mineralization over a 1.5 km by 1.5 km area referred to as the BP Zone, including:

• 100.0 metres grading 0.27% Cu and 0.37 g/t Au (from 38.0 m downhole), including 16.0 metres grading 0.71% Cu and 1.32 g/t Au (from 82.0 m downhole), in hole 89-07
• 194.0 metres grading 0.21% Cu and 0.21 g/t Au (from 32.0 m downhole), including 70.0 metres grading 0.31% Cu and 0.34 g/t Au (from 156.0 m downhole), in hole 90-27

The true widths of all of the copper and gold intercepts in the drillholes reported in this press release are unknown at this time due to a lack of geometrical information on the mineralized zones.